H.B. No. 3466 amends Section 601.002(b) of the Business & Commerce Code to clarify the types of consumer transactions that are exempt from certain regulations. The bill specifies that the chapter does not apply to purchases of farm equipment, insurance sales regulated by the Texas Department of Insurance, sales made under preexisting charge agreements, and sales of real property under certain conditions. Notably, it introduces new exemptions for service contracts regulated under Chapter 1304 of the Occupations Code and for services that can be canceled by the consumer at any time, provided that the right to cancel is communicated in writing.

The bill establishes that these changes will only apply to consumer transactions occurring on or after the effective date of September 1, 2025. Transactions that take place before this date will continue to be governed by the existing law. This ensures a smooth transition and clarity for both consumers and businesses regarding their rights and obligations in consumer transactions.

Statutes affected:
Introduced: Commerce Code 601.002 (Commerce Code 601)